eToro has acquired Bullsheet, a provider of exclusive portfolio management tools for its users, to enhance its platform and user experience.

Target Information

eToro, a leading social investing network, has successfully acquired Bullsheet, a company that specializes in portfolio management tools tailored specifically for eToro users. Founded by Portuguese cousins Filipe Sommer and João Ramalho Carlos, Bullsheet was born from their experience as eToro users, offering innovative tools that enhance users' ability to analyze portfolio diversification effectively.

Since its inception in 2021, Bullsheet has catered to the unique needs of the eToro community by providing essential tools that facilitate better investment strategies among users. The acquisition aims to integrate Bullsheet's advanced offerings into eToro’s platform to enrich the user experience and enhance investment opportunities.

Industry Overview

The investment technology sector, particularly in Portugal, has witnessed significant growth in recent years, spurred by increasing digital adoption. Investors today are incr